How to buy USD Coin (USDC)

How to Buy USDC in 3 Simple Steps

Have you placed your USDC order yet?

What is USDC?

Why buy USDC with Kraken?

How Much USDC Can I Buy With Kraken?

How to Keep Your USDC Investment Safe

What Can I Do With USDC Coin After I Buy It?

Once you buy USD coin you can:

How to Buy USD Coin FAQ:

1. Who created USD Coin?

   USD Coin was founded by the Centre Consortium, a partnership between Circle and Coinbase, in 2018.

2. Can USD Coin run smart contracts?

   Yes, USD Coin can run smart contracts. Smart contracts are agreements that execute according to conditions defined in computer code. Smart contracts are most recognizable in the form of crypto applications built on top of layer one platform blockchains. USDC’s smart contract functionality allows developers to create new blockchain projects that advance the utility of USDC.

3. Is USD Coin worth buying?

   The short answer is that it depends on your own individual circumstances. For those that see value in a more transparent, reserve-backed stablecoins, USD Coin may be a worthwhile investment.

   Buy USD coin with the Kraken app today

4. How do beginners buy USDC?

   Beginners should first do their own research (and consider seeking professional advice) before buying USDC. With an understanding of the software, beginners can buy USDC in just a few minutes with as little as $10 on Kraken.

   Buy USDC today

5. When is the best time to buy USDC?

   The traditional financial advice, that “it is impossible to time the market,” holds true for USD Coin too. However, the answer to this question ultimately depends on your goals and financial circumstances.

   
   Those that have concerns about timing the markets should consider dollar cost averaging their USDC purchases using an exchange like Kraken. Dollar cost averaging allows you to purchase the same dollar amount of USD Coin on a consistent time interval, regardless of its market price. This allows you to constantly accumulate USDC, without having to worry about timing each market fluctuation. 

   Buy USDC

6. Can I buy less than one USDC?

   Yes, you can buy less than one USDC. If the current price of a single coin is outside of your price range, remember that USDC was designed to be broken down into smaller fractions. Kraken lets you start buying USD Coin with as little as $10.

   Buy USDC today

7. Can I buy USDC with my bank account or debit/credit card?

   Yes, U.S. clients can buy USDC using their bank account. Kraken also enables our clients in several countries around the world to purchase USD Coin with their credit or debit card. A full list of funding options by country can be found here.

8. How much USDC should I buy?

   Everyone’s financial situation, appetite for risk and objectives are different. USDC is subject to volatility and price fluctuations. Consider these factors as you evaluate how much USD Coin you are willing to buy.

9. Where is the best place to buy USD Coin?

   USDC can be purchased from a variety of locations today, such as Crypto ATMs, various fintech platforms and even directly from other individuals. The easiest and safest place to purchase USD Coin is through trusted crypto exchanges like Kraken.

   
   With Kraken, you can count on our low fees, easy to use products, around the clock customer support and rigorous focus on the safety and security of your USDC. 

10. What can you buy with USDC?

    You can buy anything using USD Coin, as long as it is accepted as a medium of exchange. The use cases for USD Coin grow each day as the ecosystem finds new ways of creating uses for the USDC token.

11. Do I own my USDC?

    Unlike many other fintech and trading platforms that offer USD Coin, when you buy USDC on Kraken, it belongs to you. Kraken firmly believes in the self-sovereignty and the right to personal custody that USD Coin was built upon. Therefore, Kraken allows you to take your USDC off of the Kraken platform. You can store it in the wallet of your choice including hardware wallets, and decide how to use it. When you purchase USD Coin from Kraken, it is your digital property.

12. How do I send USDC?

    Once you buy USDC, Kraken makes it easy to withdraw your funds and send USDC to any other USDC wallet in the world, whether that’s your own or someone else’s. From the Kraken funding page, select your USDC asset and then select withdraw. Enter the amount of USD Coin you wish to withdraw from your Kraken account and enter the USDC address (the long string of letters and numbers) set to receive the funds. 

    
    It is important to check and be absolutely sure that the USDC address you have entered is correct. If you do end up sending funds to the wrong address, even if just one character is wrong, the funds could be lost forever.

13. How can I buy USD Coin easily?

    The easiest way to buy USD Coin is using an established cryptocurrency exchange like Kraken. With the Kraken app, it takes just a few minutes to purchase USD Coin with as little as $10.

14. What is the maximum supply of USD Coin?

    There is no fixed maximum supply of USDC. New tokens are issued depending on the demand for the token and the cash backing the token held by Centre.

15. Is it better to buy USD Coin or Bitcoin?

    Everyone has different objectives. While both cryptocurrencies have well-established use cases, you should do your own research to understand which asset better suits your needs.

16. How is USDC taxed?

    After purchasing USDC, it is best to consult a tax professional to ensure that you are reporting your USD Coin holdings correctly.

17. What's the difference between USD Coin and USDC?

    USD Coin is the blockchain protocol which uses USDC as its native cryptocurrency. While USD Coin is often used to describe the coin as well, USDC is the proper name for the cryptocurrency of the USD Coin protocol.

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